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IHG Sees 80% Plunge In April Room Revenue
IHG Secures New Financing Arrangements To Strengthen Liquidity Position
IHG Says Demand For Hotels Currently At Lowest It Has Seen Amid Virus Crisis
InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Regent Hotels & Resorts, Holiday Inn Club Vacations and Candlewood Suites Hotels. As of December 31, 2016, The Americas pipeline totaled 945 hotels (102,451 rooms). As of December 31, 2016, the Europe pipeline totaled 137 hotels (23,954 rooms). As of December 31, 2016, the AMEA pipeline totaled 149 hotels (39,643 rooms). As of December 31, 2016, the Greater China pipeline totaled 239 hotels (64,028 rooms). As of April 21, 2017, it had 5,200 hotels and 777,000 rooms in its system.
Hotels & Motels
Patrick Jean Pierre Cescau
Non-Executive Chairman of the Board
Chief Executive Officer, Executive Director
Chief Financial Officer, Executive Director, Group Head of Corporate Strategy
Jolyon Warren Lewis Bulley
Chief Executive Officer - Greater China
Chief Executive Officer - EMEAA
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Holiday Inn-owner InterContinental Hotels <IHG.L> said on Thursday it was seeing signs of recovery in some markets as it tightened up on safety and cleaning procedures following an 80% plunge in average room revenue in April.
Holiday Inn-owner InterContinental Hotels <IHG.L> said on Monday it had raised 600 million pounds from Bank of England loans under the government's coronavirus aid scheme as it estimated a 25% plunge in global revenue per available room in the first quarter.
Demand for hotel rooms is at record lows, the company behind InterContinental and Holiday Inn hotels said on Friday, as it announced $150 million of cost cuts to help cope with travel restrictions and lockdowns caused by the coronavirus pandemic.
InterContinental Hotels <IHG.L>(IHG) warned on Tuesday that fewer travellers are booking its rooms in China because of the coronavirus outbreak.
Holiday Inn-owner InterContinental Hotels Group reported a slight dip in revenue per room in 2019, hurt by a fall in bookings in Hong Kong due to last year's protests as it braces for the impact of the coronavirus outbreak.
InterContinental Hotels Group will allow customers to change or cancel stays scheduled up to Feb. 3 across mainland China, Hong Kong, Macau and Taiwan at no additional cost, the company said on its official WeChat account on Thursday.
Holiday Inn-owner InterContinental Hotels Group <IHG.L> blamed lower business bookings in China and Hong Kong protests for a 0.8% fall in third-quarter revenue per room on Friday, the latest company to be pinched by weaker global travel.
InterContinental Hotels Group reported a 0.8% decline in revenue per room for the third quarter on Friday, as the Holiday Inn-owner was hurt by protests in Hong Kong and tougher trading conditions in the United States and China.
InterContinental Hotels Group <IHG.L> played down any hit from the trade standoff between Beijing and Washington, saying few of its business customers in China were from outside the country and it was anyway well spread globally to absorb any impact.
Aug 6 - InterContinental Hotels Group reported a marginally higher first-half room revenue on Tuesday as fewer business travellers in China and protests in Hong Kong led to a decline in demand from Greater China.
** InterContinental Hotels Group shares fall 2.7% to 5,178 pence, second biggest losers on FTSE index
InterContinental Hotels Group Plc said fewer people checked into its hotels in the first quarter due to lower demand in China, South Korea and France.
InterContinental Hotels Group Plc on Friday reported a slight increase in room revenue in the first-quarter, as strong demand in the Latin America and Caribbean markets was offset by flat growth in the Greater China region.
InterContinental Hotels Group said on Friday it would return $500 million to shareholders and reported a 1 percent growth in revenue per available room for the third quarter, helped by higher demand in China.
Britain's top share index fell on Friday, led by Intercontinental Hotels Group after disappointing results and budget airline EasyJet Plc following a broker downgrade amid growing gloom in the travel sector.
InterContinental Hotels Group (IHG)<IHG.L> reported only a small rise in revenue per available room in the third quarter, held back by a U.S. decline in the face of competition from online rental services, sending its shares down 5.8 percent.
InterContinental Hotels Group <IHG.L> said on Friday it would pay $500 million to shareholders in a special dividend as it reported a 1 percent rise in revenue per available room for the third quarter, driven by robust demand in China.
InterContinental Hotels Group Plc's (IHG) <IHG.L> second-quarter room revenue growth accelerated on robust demand in China, it said on Tuesday.
InterContinental Hotels Group Plc's (IHG) second-quarter room revenue growth accelerated, helped by higher demand in China, it said on Tuesday.
InterContinental Hotels Group Plc <IHG.L> on Friday posted a better-than-expected rise in first-quarter global room revenue on strong demand in China, and said it was confident in the outlook for the year ahead.
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